It is important to be a frugal spender. By watching what you spend and trying to make your money last as long as possible you can use it for other things like savings and retirement. Frugal spenders also usually research their purchases in depth beforehand and make better purchases overall. Being a frugal spender doesn't mean you are cheap. Spending frugally means that you know the value of a dollar and want to make sure that you don't overspend on any of your purchases. Frugal spenders typically are good with their money and have financial stability that others around them don't often have.